Suppose a country's debt rises by 6% and its GDP rises by 5%. What happens to the debt-GDP ratio?

A) It rises if there is a budget deficit that period.
B) It falls.
C) It rises.
D) There is insufficient information to answer the question.


Ans: C) It rises.

Economics

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Suppose output is $440 billion, government purchases are $40 billion, desired consumption is $320 billion, and net exports are $35 billion. Then desired investment equals

A) $20 billion. B) $30 billion. C) $35 billion. D) $45 billion.

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The United States recycles a greater portion of its garbage than Japan does

a. True b. False

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Implicit costs are costs that do not require an outlay of money by the firm

a. True b. False Indicate whether the statement is true or false

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At Bert's Bootery, the total cost of producing twenty pairs of boots is $400 . The marginal cost of producing the twenty-first pair of boots is $83 . We can conclude that the

a. average variable cost of 21 pairs of boots is $23. b. average total cost of 21 pairs of boots is $23. c. average total cost of 21 pairs of boots is $15.09. d. marginal cost of the 20th pair of boots is $20.

Economics